Category: Uncategorized
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Escape the Rat Race – 20 Top Spots for Your Downsizing Dream Home!
Dreaming of a new life in retirement, free from the daily grind and school runs? Then it’s time to start planning your move to a peaceful paradise! The Daily Mail looked into the data to find the areas where the most over-60s are moving to, giving you the inside track on some of the best…
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Perenna’s Retirement Interest Only Mortgages Just Got Cheaper
Perenna has reduced rates on some of its popular products. This could mean lower monthly repayments and more money in your pocket! Perenna, a specialist mortgage lender, has made cuts to its residential purchase and retirement interest-only (RIO) products. This means you could save money on a new mortgage or remortgage, whether you’re buying a…
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Labour’s Pension Shake-Up – What Could It Mean for Your Retirement?
A new Labour government always sparks questions about pensions, and this one is no different. With whispers of a major pension review, we explain what might change and how it could affect your well-earned retirement income. The good news is that Labour has promised to keep the state pension triple lock for now. This means…
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Retirement Shock – Hundreds of Thousands Still Owe on Mortgages!
It might surprise you, but there are hundreds of thousands of pensioners across the UK still struggling to pay off their mortgages! This is a big issue for many retirees, who often find themselves stretched financially. New research from the over-50s experts SunLife has shown that a shockingly high number of pensioners are still tied…
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Retirement Boost! Pensioners Save £300 Million on Home Loans
If you’re nearing retirement, or already enjoying your golden years, you might be able to save a lot of money on your home loan. New figures show that people who have taken out “equity release” loans have saved a massive £300 million over the last two years, simply by paying back some of their loan…
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Are Your Retirement Dreams Being Down Valued?
You’ve worked hard all your life, and your home is likely your biggest asset. So, it’s worrying to hear that some lenders are slashing the value of homes when people are looking to use their equity for retirement. What’s the Problem? Brokers, who help people get equity release loans, are seeing a worrying trend: lenders…
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Pensioners are Using their Homes Less for Emergencies
It seems like things are looking a little brighter for people who are nearing retirement, with a new report showing that pensioners are less likely to be dipping into their home equity to cover bills or unexpected costs. Less reliance on equity release A new report from Legal & General Home Finance shows a drop…
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Livemore’s Mortgage Rates Dropped
If you’re over 50 and thinking about a mortgage, or need to remortgage, there’s some good news! LiveMore, a lender specialising in mortgages for older borrowers, has just slashed their rates, meaning you could save some serious money on your monthly payments. Lower Rates for Retirement Mortgages LiveMore has reduced rates on their retirement interest-only…
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Pensioners Hit with Tax Bill Thousands More Now Paying Income Tax
It’s bad news for many pensioners – more than half a million more are now paying income tax, according to the latest figures from HMRC. This means thousands of people are now having to hand over a chunk of their pension to the taxman, leaving less for essentials and enjoying their retirement. The number of…
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New Mortgage Options for Over 55s
If you’re nearing retirement and still need a mortgage, there’s exciting news! Marsden Building Society has launched a brand new range of mortgages specifically designed for people over 55, called Lending into Retirement (LIR). What are LIR Mortgages? LIR mortgages are a helping hand for those who are still working but need a mortgage that…